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20121204
20121204
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rogers. >>guest: the worst thing going on in washington is all of the talk about the issue. you pick up a newspaper and it says would will blink first? who will be pulled across the line first? members read those and they are thinking, i don't want to be categorized as blinking. >>neil: but you just contributed saying you better not talk the entitlements or talk about social security or medicare and i know you may have your reasons but the republicans are saying, we have to give our pound of flesh and raise taxes and we are fine with it. we will do it. never mine the fact that you democrats have doubled the amount of revenues you talked about before the election, so be it. but there is nothing coming from you guys. >>guest: here is one of the things that we have been pushing. that is, according to the c.b.o. if the bush era tax cuts are eliminated, they would generate $950 billion over 10 years. that is just shy of the $1.2 trillion that we laid out in the sequester bill. so, we are moving in the right direction and we are dealing with the whole issue of medicare. >>neil: you are not. y
because of the gridlock in washington over this fiscal cliff. christine, you had a behind-the-scenes look yesterday at what's happened. >> i interviewed the ceo of fedex about the fiscal cliff, energy securities, but along the lines of the fiscal cliff there were a lot of people at this event, gene sperling, an adviser to the president, roy blount, a republican senator from tennessee there as well. people are grim right now about where we are on the fiscal cliff. i asked the ceo of fedex, he employs people. he is shipping packages. he cares about the price of oil, price of energy, and he cares about the clarity of what's happening in washington. listen so what i asked him. >> as a ceo, when you're watching the fiscal cliff, how do you make decisions? is it irrelevant to your business if we go over the fiscal cliff? how does a ceo look at what's happening in washington and decide for next year? >> most of the ceos look at the situation in washington with complete amazement and dismay to be frank about it. the problem is the ideological pinnings on both sides of this argument are so difficu
washington the benefit of the doubt so far today. we've had no real progress to speak of on the fiscal cliff. the president did speak publicly about it today. but we haven't exactly taken any step backwards either on wall street as far as the major averages go. we have had more special dividends declared, which we'll get to. first, get you caught up on the markets. kind of a meandering day. a few economic bits of data out today. other than that, not a lot going on as far as economic data go. we're all just waiting to see that white puff of smoke come out of washington and nothing yet so far. the dow virtually unchanged right now at 12,966. the nasdaq is down seven points right now. we'll talk with seema mody about that. and the s&p 500 index at this hour is down 1.80 in change at 1407. in today's "closing bell" exchange, we go over what is going on as we head toward the end of the year. seema mody is at the nasdaq today. jeff, what do you make of what's going on in washington? i'm most interested in the fact that the markets have lost the volatili volatility. we're not seeing the markets res
in washington? we heard from the president, just a short time ago. our chief white house correspondent jessica yellin joins me now, jessica, the president spoke out, sat down in an interview with bloomberg tv, and in listening to the interview, did you hear any clues toward a possible compromise here? >> reporter: not new clues, brooke. the president laid down the marker that we heard from the white house consistently, which is they aren't moving until they hear the republicans agree to raise tax rates on the wealthiest. listen to what the president had to say. >> i think that, you know, we have the potential of getting a deal done, but it is going to require what i talked about during the campaign, which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at math, it doesn't work. >> reporter: so unbalanced approach
at a conference in washington this weekend where he says a slickly produced film on her political career ran like an international endorsement four years in advance of the iowa caucus. >> okay. new jersey governor chris christie is asking for 100% reimbursement from the federal government for the costs of emergency response the state faced in the wake of hurricane sandy. christie said in a letter to fema that the economic damage in his state could top $40 billion. he also plans to couple to washington to press his case later this week. both christie and new york governor andrew cuomo are asking for full compensation for their state's efforts. the white house is also expected to ask for more money. >>> and just one month after the election, mitt romney is returning to the business world. the former republican presidential nominee rejoined the board of the u.s. hotel company marriott international. romney served on the marriott board for over a decade stepping down in 2002 before becoming governor of massachusetts and again in 2011 when he launched his second presidential bid. the romney and marrio
know what you think. follow us on twitter. at ac 360. >>> when we come back here in washington, time is running out for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. ♪ [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong founda
republicans want to solve washington's fiscal cliff dilemma, and what the democrats are saying about it. we'll talk about that, and much more with our special guest this morning, the former british prime minister tony blair is with us. but planes from iran. revolutionary guards showing off what they are claiming to be is a captured american drone. coming up why the pentagon says don't believe it. >>> and baby makes three at buckingham palace. the royal couple, will and kate, creating a media frenzy on both sides of the pond with word that they are expecting. we're going to go live to london. >> talk about this morning, in addition to tony blair, we're talking to democratic congressman xavier becerra, republican senator ron johnson from the state of wisconsin, also pat houston, whitney houston's sister-in-law and manager and jeopardy champion ken jennings written a new book. it's tuesday, december 4th, "starting point" begins right now. >>> welcome everybody, you're watching "starting point." we're honored this morning to have the former british prime minister tony blair with us as our guest
flu. >>> challenge on the u.s. fiscal crisis, the texas woman taking on washington and saying, if congress can't solve it, cut off their paychecks until they do. >>> and eyes wide shut. you will see our reporter behind the wheel, his eyes open, his brain asleep. an abc news experiment on drowsy drivers out cold, and they don't even know it. >>> good evening. we begin with that announcement out of england today that rocketed around the world. the future queen, kate middleton, expecting her first child, but she was rushed to the hospital, prince william by her side. abc's lama hasan is here. we talked with sources inside the palace, and she has the latest on what happened. lama. >> reporter: good evening, diane. well, the couple had been so tightly lipped about the pregnancy that some here at the palace the queen, prince charles and other members of the royal family reportedly only found out about it today. but when kate was hospitalized, the palace decided it was time to break the news to the world. the last time the world saw kate middleton was on friday, a picture of health p
of those who've already died. >> pelley: fascinating, jim, thank you very much. in washington today, the republicans responded to the white house budget plan with a proposal of their own. it would raise the eligibility age for medicare and people on social security would get smaller cost of living increases. unless there's a compromise by the end of this month, taxes will go up automatically for nearly every american. there is a lot at stake. so we asked wyatt andrews to make sense of how these budget plans compare. wyatt? >> reporter: scott, this republican counterproposal today is long on reducing the deficit and saving big on medicare, but it leaves the two sides still hundreds of billions of dollars apart and they are not close on the basic approach to solve the fiscal cliff. in a letter to the president, house republicans called their offer a fair middle ground. it's a ten-year framework that cuts the deficit by $2.2 trillion. it includes $600 billion in health care cuts-- mostly medicare and medicaid-- $300 billion in other mandatory spending and $300 billion in cuts to all ot
easily called in sick. ♪ ♪ >> brian: new york giants play the washington red skin and they ended up lose will. i don't want to talk about. giants are 7-5 and redskins 6-6. he was faulted for keeping quiet about the fast and furious. gary grinnler chief-of-staff for eric holder is stepping down, last day tomorrow. steve, something to do with nothing i talked about. >> steve: has to do with the law. they risked their lives to protect our country. >> gretchen: u.s. veterans deemed too mentally incompetent to handle the finances are entered into a national criminal background system. that prevents them from buying or owning a gun. >> steve: should the second amendment right of those veterans be taken away. we'll have to judge andrew napolitano. >> i am upset about the gines. i will do my best. >> steve: in the defense bill, there is a sticky issue of whether or not veterans should be allowed to bear gun. >> the right to bear guns it is a natural right. if you are armed you have a right to defend yourself and your family and country. that is a right and not a gift from the government. you don
attacking it. kelly wright is live in washington with more on this. good morning, kelly. >> good morning to you. the back and forth is continuing in a letter with president obama. american people expect leaders to find fair middle ground with the nation's most pressing challenges. with that they propose is a counter over for the fiscal cliff. the republican plan has will00 billion for tax freerm 900 billion in mandatory spending cuts and 300 billion in discretionary cuts. the proposal falls short of what the president wants and cannot be taken seriously. >>> we understand they don't agree with everything the president has put on the table but we haven't seen alternatives for that. they have spoken about an avenue and that challenge is welcome. republican leaders have been adamant they don't believe rates ought to go up on the top 2 percent of wealthiest americans. the american people overwhelmingly disagree. the rates have to rise and republicans need to acknowledge that. >> the major difference between the two sides is over taxing on the rich. obama wants to raise taxes on the wealthy.
without finishing their project. >> a couple good poll numbers out today. abc/"the washington post" if we went off people would blame gop by two to one margin and then the pew poll. 49% do not believe a deal will be reached. 40% say a deal will be reached. >> i just know that if you're a republican, there's a primary. if you are going to run in that primary going forward, you'll have no problem provided you pledge to norquist not to raise taxes and you don't. these guys don't worry about primaries. they don't care about what the republicans -- they don't even think themselves as republicans. they think of themselves as anti-tax people. and they feel they pledged to their constituents that they're won't be any tax. that's all they care about. >> they're $800 billion plus into a deal. >> i guess the gap has been -- >> right. it's been narrowed. >> every offer is something. >> both of the offers were exactly what both sides promised during the campaign. they're still not willing to get off the stump. i think they believe we're no closer than where we were last year. >> didn't it take your br
say things so far outside the box. but this is washington. i guess it's not air box, it's a beltway here. and we are in this debt mania. there is a long term crisis on debt. i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he is committed to debt reduction. he has really put in the time here and i admired his work on this. but even a guy like senator coburn who was on the commission and supported its report can't state the obvious. we need to go back to the clinton era rates for the most well off americans. it's not going to kill us. the line between freedom and tyranny is not the 35 we pay now and the 39 that the rich will pay as we did when america was a communist paradise. it's jus
, discover aleve. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting through all the political spin. because for our 37 million members, only one word counts. get the facts at earnedasay.org. let's keep medicare... and social security strong for generations to come. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ends december 7th. trying to find a better job can likbe frustrating.gs, so at university of phoenix we're working with a growing list of almost two thousand corporate partners - companies like microsoft, american red cross and adobe - to create option
Search Results 0 to 13 of about 14